Scotiabank Has Negative Outlook of Propel FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Propel to C$2.05 from C$2.25, kept a "Sector Perform" rating with a C$27 price target and projected FY2027 EPS of C$3.12.
• Multiple analysts trimmed price targets in early March (mostly to C$27–C$32 from higher levels), but the consensus rating remains a "Moderate Buy" (four Buys, one Hold).
• Propel raised its quarterly dividend to C$0.225 (annualized C$0.90) for a ~4.2% yield, while the stock trades around C$21.41 with a P/E of ~15 and a market cap near C$843M.

Propel Holdings Inc. (TSE:PRL - Free Report) - Scotiabank lowered their FY2026 earnings per share estimates for Propel in a research note issued on Friday, May 1st. Scotiabank analyst P. Hardie now expects that the company will post earnings per share of $2.05 for the year, down from their prior estimate of $2.25. Scotiabank has a "Sector Perform" rating and a $27.00 price target on the stock. The consensus estimate for Propel's current full-year earnings is $5.39 per share. Scotiabank also issued estimates for Propel's FY2027 earnings at $3.12 EPS.

A number of other equities analysts also recently commented on PRL. ATB Cormark Capital Markets decreased their price target on Propel from C$38.00 to C$27.00 and set an "outperform" rating for the company in a research note on Wednesday, March 4th. Canaccord Genuity Group decreased their target price on Propel from C$37.00 to C$27.00 in a research note on Wednesday, March 4th. Stifel Nicolaus decreased their target price on Propel from C$38.00 to C$32.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Raymond James Financial decreased their target price on Propel from C$45.00 to C$32.00 and set an "outperform" rating for the company in a research note on Wednesday, March 4th. Finally, Ventum Financial decreased their target price on Propel from C$4.00 to C$3.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Propel Stock Performance

TSE:PRL opened at $21.41 on Monday. The company has a market capitalization of $842.76 million, a price-to-earnings ratio of 15.18 and a beta of 0.56. Propel has a one year low of $17.24 and a one year high of $39.15. The stock has a 50-day simple moving average of $20.04 and a 200 day simple moving average of $22.74.

Propel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, March 4th were paid a $0.225 dividend. The ex-dividend date was Friday, February 20th. This is an increase from Propel's previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 4.2%. Propel's payout ratio is presently 38.09%.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states. Through its CreditFresh brand, the company operates as a bank servicer that provides marketing, technology, and loan servicing services to unaffiliated, FDIC insured, state-chartered banks in the US (Bank Program).

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